CAD/CHF

- CHF (-)

- Real time data - Forex

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Change:	-
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Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	CADCHF
ISIN:

CAD/CHF - Daily - Technical analysis published on 02/24/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.7169 CHF

My targets

0.7424 CHF (+0.0210)

0.7617 CHF (+0.0403)

My analysis

CAD/CHF is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.7169 CHF. The next resistance located at 0.7424 CHF is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.7617 CHF. After this resistance, buyers could then target 0.7890 CHF. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/CHF price is 0.7214 CHF. On the day, this instrument gained +0.36% and was between 0.7187 CHF and 0.7215 CHF. This implies that the price is at +0.38% from its lowest and at -0.01% from its highest.

0.7187

0.7215

0.7214

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CAD/CHF in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6924	0.7021	0.7169	0.7214	0.7240	0.7424	0.7617
Change (%)	-4.02%	-2.68%	-0.62%	-	+0.36%	+2.91%	+5.59%
Change	-0.0290	-0.0193	-0.0045	-	+0.0026	+0.0210	+0.0403
Level	Major	Major	Minor	-	Minor	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7031	0.7065	0.7127	0.7161	0.7223	0.7257	0.7319
Camarilla	0.7162	0.7170	0.7179	0.7188	0.7197	0.7206	0.7214
Woodie	0.7044	0.7072	0.7140	0.7168	0.7236	0.7264	0.7332
Fibonacci	0.7065	0.7102	0.7125	0.7161	0.7198	0.7221	0.7257

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6956	0.6988	0.7047	0.7079	0.7138	0.7170	0.7229
Camarilla	0.7080	0.7088	0.7097	0.7105	0.7113	0.7122	0.7130
Woodie	0.6969	0.6995	0.7060	0.7086	0.7151	0.7177	0.7242
Fibonacci	0.6988	0.7023	0.7045	0.7079	0.7114	0.7136	0.7170

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6715	0.6801	0.6886	0.6972	0.7057	0.7143	0.7228
Camarilla	0.6925	0.6941	0.6956	0.6972	0.6988	0.7003	0.7019
Woodie	0.6716	0.6801	0.6887	0.6972	0.7058	0.7143	0.7229
Fibonacci	0.6801	0.6866	0.6906	0.6972	0.7037	0.7077	0.7143

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	74.46
MACD (12,26,9):	0.0045
Directional Movement:	25.1689
AROON (14):	57.1429
DEMA (21):	0.7118
Parabolic SAR (0,02-0,02-0,2):	0.7045
Elder Ray (13):	0.0111
Super Trend (3,10):	0.7064
Zig ZAG (10):	0.7202
VORTEX (21):	1.2564
Stochastique (14,3,5):	89.58
TEMA (21):	0.7145
Williams %R (14):	-4.93
Chande Momentum Oscillator (20):	0.0149
Repulse (5,40,3):	1.5464
ROCnROLL:	1
TRIX (15,9):	0.0592
Courbe Coppock:	2.98

MA7:	0.7109
MA20:	0.7048
MA50:	0.6991
MA100:	0.6966
MAexp7:	0.7125
MAexp20:	0.7065
MAexp50:	0.7014
MAexp100:	0.6983
Price / MA7:	+1.48%
Price / MA20:	+2.36%
Price / MA50:	+3.19%
Price / MA100:	+3.56%
Price / MAexp7:	+1.25%
Price / MAexp20:	+2.11%
Price / MAexp50:	+2.85%
Price / MAexp100:	+3.31%

Quotes : 2021-02-24 08:34:09 - Real time data - Forex

News

The latest news and videos published on CAD/CHF at the time of the analysis were as follows:

CAD/CHF Finds the Proper Blend of Fuel and Clearance for Reversal

This member declared not having a position on this financial instrument or a related financial instrument.

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